to ask how you will be affected by the budget announcements?

[manicinsomniac]

Sorry if there's another thread about this, I can only see lots of speculative ones.

Now that it's announced ... I admit I'm struggling to get my head around it. I don't think it's as bad as I thought? I don't think it can be that good though? I don't think there's a single thing in it that affects me. I'm not sure about any of that though because I find it all quite confusing!

So, ordinary people from ordinary families/households - how are you going to be affected, if at all?

I've tried two calculators. Both say I get £80-120 more for working 15 hours and lose £800-1200 for working 1 hour more.

Whole thing is subjective as the ft hours that my 0.4fte is based on aren't specified.

Not at all
I don't get any benefits and my tax thresholds aren't affected

My mother was and is still terrified by PiP and ATOS, she was pleased there wasn't a mandatory firing squad for the disabled

£256 better off. Don't claim any benefits at the moment though.

Can married couples still carry over tax allowance? You used to be able to. So if one of you didn't earn your whole tax allowance you could offset the husband/wife's earnings over the tax threshold and not pay tax on both allowances - my accountant friend mentioned it 2 years ago but dh and I both earned over the allowances.

We will be a couple of hundred better off due to the change in tax allowances. I'm NHS too so 1% pay rise but expected nothing more tbh.

However I have to say I feel pretty sick reading this thread. Why am I - in a two (pretty decent) earner household better off whilst single parents and people with lower incomes are so radically worse off? £100 a month less is a lot of money for most people. Not that Dave and George will ever get that of course. And the rise in minimum wage is fine as long as your employer doesn't cut hours or indeed jobs to pay for it.

According to the BBC calculator a single person of my age with three kids earning £25,000 a year will be £1351 worse off as a result of the budget. That's about 5% of their salary.
A single person of my age with three kids earning £250,000 a year will be £18.50 a year worse off. That's 0.007% of their salary. I think that tells you everything you ever needed to know about Tory economic policy.

uhtred with respect that is completely wrong.

Dividend income is income (in fact its my only income). I will be worse off by thousands, so yes I can potentially afford it more than others but don't say I'm not hit because I am. In total as a family around £8k.

According to the BBC calculator and the independent one we will be no better or worse off... Not entirely sure that is right.

Just checked the BBC calculator - £80 a year better off.

Will definitely hit the most vulnerable though which is crap. Expecting to see lots more people visiting our food back soon .

I will pay £80 less income tax and £48 less in NI contributions. So, I will be £128.00 (a year) better off.

My hubby is a HR taxpayer so if I'm right we benefit from the increase in tax allowance. I'm a sahm so no change for me. We don't receive any wtc ctc or cb as it is. We currently have 1 child and are expecting no2.

It's funny. I did a better off calculation to work how much better off I'd be working. It said I'd be better off by £280 per month. Now I'll be 87 pound worse off.

Now If I earn £16000 a year, I'll be £37. So in effect, I'm being punished for working part time.

Thanks Gideon, you nazi like arsehole.

mother married couples do get a tax break, we received DHs new tax code today. He gets a whole 10% of my personal allowance at around £18 per month. Woohoo!

About 80 better off here. What is bonkers is that I also inputted our old figures (Dh took a pay cut of circa 15k earlier this year) we would have been about 250 better off.

We both work, me only 17 hrs though...in the food bank so am anticipating getting a wee bit crazier.

Just checked the Guardian calculator, says we will be £269 better off as i will not get tax credits...those will be the tax credits we havent been entitled to for years because they were taken away at a budget a few years ago

Sorry £269 worse off

We are going to be 2.5k a year worse off .

What hurts though is that if things had been gone as we thought, ie me and my DH both at work, we would be ok (not affected). DH stays at home as we can't find (and have tried endlessly) to find suitable suitable childcare for DD (who is disabled).

Feels like we are being punished for having a child with a disability.

We will be about £220 better off due to income tax changes. We have 2 DC, DH is full time and I work 25 hours a week. We aren't entitled to tax credits. I feel sorry for anyone facing big cuts but TBH don't understand how tax credits work.

The guardian says I'll be £120.02 better off.

Similar to other LPs working part time, according to the Independent I'll be losing just over £1400/year It did seem like a very simplistic calculator though. Might just try the BBC one...

The calculators all say we will be worse off by around £1600.

However, the calculator doesn't seem to be taking into account the NLW which will make us around £800 per year better off after tax. So we will be around £800 per year worse off in total.

Which isn't great, but we can take it. I feel so sorry for all those people who this is going to seriously affect. :(

If you're going to be better off, do you currently claim any tax credits? Are the only people being shafted the ones that actually rely on TCs to keep their heads above water?

We'll be about £380 better off. But tbh it all confuses me

40 a week worse off :(

He spouts some bullshit. This isvthe budget for workers my arse it is !

That calculator is showing the difference over a year, isn't it?

I will be £15.68 better off! I might give it to charity.

to all those who will be struggling.

3225 worse off it says on the calculator?